Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Nokia (NOK) upgraded to Conviction Buy from Buy at Goldman with analyst Alexander Duval saying he believes investor positioning is cautious ahead of Q2 and notes estimates have fallen and margin estimates are low and shares trade inline with Ericsson (ERIC) despite better growth and margins. 2. Qualcomm (QCOM) upgraded to Conviction Buy from Buy at Goldman with analyst Simona Jankowski saying the company posted its first year-over-year revenue growth in four quarters on a strong chipset product cycle, imp;roved low end smartphone demand, and a recovery in royalties in China. 3. W.P. Carey (WPC) upgraded to Outperform from Market Perform at BMO Capital with the firm saying that it's more upbeat on the company's "leadership and direction" after hosting investor meetings with W.P. Carey. 4. Chesapeake (CHK) upgraded to Buy from Hold at Tudor Pickering. 5. Williams (WMB) upgraded to Buy from Hold at Tudor Pickering. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here

Unusual total active option classes on open include: Wrap Technologies (WRAP), AstraZeneca (AZN), JetBlue (JBLU), United Continental (UAL), Taiwan Semi (TSM), Nokia (NOK), EBay (EBAY), Maplebear Inc (CART), Airbnb (ABNB), and UnitedHealth (UNH).

Wolfe Research downgraded Williams to Underperform from Peer Perform with a $34 price target. The company "has had challenges" with a disappointing 2024-2025 outlook in February, weak gas prices, and large gas production cuts, the analyst tells investors in a research note. Despite this, the stock has kept pace with peers year-to-date on early hopes for a gas recovery and data center buzz, says Wolfe. The firm cites relative valuation for the downgrade.